Peregrine Asset Advisers Inc. Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Peregrine Asset Advisers Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.8% in the 1st quarter, according to the company’s latest Form 13F filing with the Securities and Exchange Commission. The institutional investor holds 18,560 shares of the e-commerce giant after acquiring an additional 1,337 shares during the period. Amazon.com makes up about 1.3% of Peregrine Asset Advisers Inc.’s stake, making it the 18th-largest stock. Peregrine Asset Advisers Inc.’s stake in Amazon.com was worth $3,348,000 at the end of the last reporting period.

Several other hedge funds also recently bought and sold shares of the company. Chase Investment Counsel Corp increased its holdings in Amazon.com by 0.4% in the first quarter. Chase Investment Counsel Corp now owns 45,919 shares of the e-commerce giant’s stock worth $8,282,000 after purchasing an additional 198 shares during the period. AlphaQ Advisors LLC increased its position in shares of Amazon.com by 15.0% in the first quarter. AlphaQ Advisors LLC now owns 16,208 shares of the e-commerce giant’s stock worth $2,924,000 after purchasing an additional 2,110 shares in the last quarter. Jennison Associates LLC increased its holdings in Amazon.com by 0.5% in the first quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock worth $10,221,446,000 after purchasing an additional 295,132 shares during the period. Pacific Wealth Strategies Group Inc. increased its position in Amazon.com by 1.2% in the first quarter. Pacific Wealth Strategies Group Inc. now owns 33,098 shares of the e-commerce giant’s stock worth $5,970,000 after purchasing an additional 393 shares in the last quarter. Finally, Hudock Inc. increased its stake in Amazon.com by 4.1% in the first quarter. Hudock Inc. now owns 7,311 shares of the e-commerce giant’s stock worth $1,319,000 after purchasing an additional 287 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com drops 0.3%

NASDAQ AMZN opened at $183.13 on Monday. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20. The company has a current ratio of 1.07, a current ratio of 0.87 and a debt-to-equity ratio of 0.27. The stock’s 50 day moving average price is $187.59, and its 200 day moving average is $177.79. The stock has a market capitalization of $1.91 trillion, a P/E ratio of 51.30, a P/E/G ratio of 1.31 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. Amazon.com revenue for the quarter increased 12.5% ​​year-over-year. During the same period last year, the company posted $0.31 earnings per share. Equity analysts are forecasting that Amazon.com, Inc. will post $4.72 earnings per share for the current fiscal year.

Wall Street analysts assess

Several analysts have recently issued reports on shares of AMZN. JMP Securities reiterated a “market outperform” rating and set a $225.00 price target on shares of Amazon.com in a research report on Wednesday, May 1. Tigress Financial raised their price target on shares of Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, May 30. Barclays lowered their price target on shares of Amazon.com from $230.00 to $220.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16. Bank of America raised their price target on shares of Amazon.com from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26. Finally, Wells Fargo & Company raised their price target on Amazon.com from $234.00 to $239.00 and gave the company an “overweight” rating in a research report on Friday, June 28. One investment analyst rated the stock a “hold,” forty-two have given a “buy” rating, and one has given a “strong buy” rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $218.82 based on data from MarketBeat.com.

See our latest stock report on AMZN

Internal activity

In related news, Vice President Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the transaction, the Vice President now directly owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink . In other news, insider Jeffrey P. Bezos sold 266,396 shares of the company’s stock in a transaction on Wednesday, July 10. The shares were sold at an average price of $200.01, for a total value of $53,281,863.96. Following the transaction, the insider now directly owns 928,433,873 shares of the company’s stock, valued at $185,696,058,938.73. The sale was disclosed in documents filed with the SEC, which are available on the SEC’s website. Additionally, Vice President Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction dated Tuesday, May 21. The shares were sold for an average price of $181.39, for a total value of $489,753.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $21,726,894.20. Disclosure of this sale can be found here. Over the last 90 days, insiders have sold a total of 6,112,990 shares of the company’s stock, valued at $1,222,250,048. Insiders now own 10.80% of the stock.

About Amazon.com

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. The company operates in three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero; and develops and produces multimedia content.

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